Brian invests £2300 into his bank account.
He receives 10% per year simple interest.
How much will Brian have after 2 years?
Give your answer to the nearest penny where appropriate.
You work out the amount of interest Brian gets in one year by finding 10% of 2300 which is 230. You multiply this by the number of years (2) to get 460. You add 460 to 2300 to get 2760.
